Decision Maker: Strategy and Resources Policy Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: June 16, 2025

Purpose: 1. To provide an update on the council’s investment in Resonance’s National Homelessness Property Fund 1 (NHPF1). 2. To seek approval to roll our existing investment in NHPF1 into the new “Evergreen/Open Ended” fund for an initial 5-year period.

Content: That the Committee for Strategy and Resources authorised the Executive Director: Housing, in consultation with Chair of the Strategy and Resources Committee and Director: Finance, to:   1. Re-invest the existing investment in NHPF1 (currently valued at c.£10m) into the new “Evergreen/Open Ended” fund for an initial 5-year period, and   2. Negotiate and agree the terms of the funding and nominations agreements.